The Global Physical Identity & Access Management Market
The global physical identity & access management market is estimated to grow at a CAGR of 14.9% from 2014 to 2019.
Pune, November 26, 2015 (Newswire.com) - The global physical identity & access management market is estimated to grow at a CAGR of 14.9% from 2014 to 2019. Physical identity & access management (PIAM) system is deployed in an organization to maintain authenticity, smooth data sharing, and to avoid fraud and unauthorized access. PIAM ensures one identity is assigned to one credential that covers all of an identity’s physical access rights. When one set of privileges changes, physical alteration gets triggered automatically. In other words, the PIAM system is responsible for automating lifecycle management of identities and their access rights throughout the physical domains
PIAM includes physical security application such as badge management, visitor management, physical asset management, vehicle management, and access control systems. Presently, organizations (users) face the problem of lower productivity, lack of information security, and evaluation of regulatory compliance. It gets very important for organization to maintain timely and secure access around premises. All such issues increase the operating costs significantly.
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PIAM deployments are increasing in order to safeguard the system from outside threats, such as unauthorized users. Increase in technology and product developments, compliance mandates from government, and management of massive on site visitors and contractors are accelerating the importance of secure access throughout the premises. It has been observed that PIAM capabilities, such as common authenticator and user provisioning, are relatively advanced.
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In 2014, Quantum Secure held the leading position in the global physical identity & access management market. Quantum Secure was later acquired by HID Global, in April 2015, to develop its product portfolio in physical identity and access management offerings. AlertEnterprise, Intellisoft, Integid, Idcube, and Identiv are some of the other leading players in the global physical identity & access management market.
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